Nigeria’s Oil Quandary: Currency & Bank Struggles, Election Deaths

Nigeria's central bank is meeting today and Tuesday to contemplate 11.4% inflation and a slowing economy as the oil-dependent country shows signs of political strain.

Oil accounts for about a third of Nigeria's GDP, according to the Organization of the Petroleum Exporting Countries. Nigeria's economic growth of 2.8% for 2015 was the slowest in 16 years, and slipped lower than that in the fourth quarter, Teneo Intelligence notes. But Teneo thinks Nigeria's central bank will leave the country's 11% benchmark interest rate...